By Izzy Leizerowitz, CEO and Senior Broker, Keter Advisors Ltd. Among British Jews—particularly in London—the question comes up with remarkable consistency: Is now the right time to buy property in Israel? It’s a fair question. The pound fluctuates. Israeli prices feel high. Interest rates rise and fall. And the headlines, both here and abroad, rarely offer a sense of calm. Yet despite all...
By ELIAV BREUER, Jerusalem PostAliyah Ministry announces new gov't plan to improve Aliyah & Integration In the wake of Israel’s ongoing war against Hamas, the Aliyah and Integration Ministry launched a new plan on Wednesday morning to encourage aliyah (immigration to Israel) by upgrading the available “infrastructure” for new olim both before and after their arrival in Israel. Aliyah...
Taking advantage of tax benefits starts with understanding the nuances of the tax code in Israel. But we're not all tax specialists, so here is a cheat sheet to benefit from your tax benefits in Israel's real estate market 2024: Utilize Tax Benefits Timely. Utilize tax breaks and exemptions promptly. Leave the headache to a property manager. Timing is everything!When you purchase or sell a...
Israel's housing market has seen a significant shift, with the number of new homes sold reverting to levels last seen five years ago, yet at prices that are 40% higher. This is according to figures published by the Israel Central Bureau of Statistics for the first quarter of 2024. In this period, Ashkelon emerged as a standout city, with 861 new homes sold, marking a 151% increase from the fourth...
Despite a year marked by war, missiles, and the ever-present wail of sirens, the real estate market is flourishing, with citizens flocking to purchase homes – particularly new units from developers.This growth in the property sector, especially in new home sales, may be unparalleled since the post-COVID surge.What’s fueling this demand amid ongoing turmoil?And while it may seem like a golden age for...
The Shekel rose to its highest level in 20 months—not since October 7, but since the year before. If a ceasefire holds in the North and in Gaza, international flights will resume, bringing more buyers and renters from abroad. Can you blame them for coming? It's terrible elsewhere. Unemployment is at the lowest rate ever here in Israel. Mortgage rates are stable. Housing inventory is still limited. Want...
What’s the Equity-Swap?The proposal—first reported by The Jerusalem Post—would allow NYC property owners to document their post-primary losses and redeem them in Israel. Here’s how it’s envisioned to work:✔ Proof of Loss: Sellers provide evidence of property devaluation.✔ Voucher Issuance: Israel’s Finance Ministry issues a USD-backed voucher equivalent to the lost equity.✔ Redeployment:...
Real Estate Purchase Tax - Olim May Now Have Greater Flexibility A recent court decision may present a significant opportunity for new immigrants (olim) seeking to purchase new construction residential property in Israel while benefiting from reduced purchase tax rates. If you are considering, or have already made, a property purchase prior to making aliyah, this ruling may affect your eligibility...
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